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OneWeb Plans Further Microsatellite Funding Round

LONDON—The founder of communications startup OneWeb Ltd. plans one more round of funding in a bid to send 900 microsatellites for fast global Internet service into orbit. The company, which plans to offer its service starting in 2019, said Thursday that it has secured cash funding of $500 million from a group that includes Airbus […]

Paris Roads Blocked by Uber Protest

PARIS—Black smoke rose from piles of burning tires at Porte Maillot, one of the main gateways to the French capital. As taxi drivers hurled stones at riot police, one screamed his demand: “Uber, go home!” The war between taxis and Uber Technologies Inc.’s car service spilled into streets across France on Thursday, as thousands of […]

Paris Confronts Airbnb’s Rapid Growth

PARIS—Xavier Fouquerand is among the most prolific hosts on Airbnb Inc. The 48-year-old’s firm, ParisAddress, advertises more than 200 apartments for rental on the home-sharing service, generating hundreds of thousands of euros in a boom that is upending…

IAC Plans IPO of Match Dating Business

Barry Diller is going public with his love for dating websites. The media tycoon’s IAC/InterActiveCorp on Thursday followed through on a long-expected plan to pursue an initial public offering of Match Group, a division that houses the dating sites and…

Global Showcase of Young Female Tech Talent

Five 14-year-old girls from India are in San Francisco this week, where they visited the Golden Gate Bridge and did a little shopping. Then they pitched the mobile app they built, intended to encourage recycling, help fight disease and earn them some money. “We have, quite simply, created a mobile marketplace for waste,” said Swasthi […]

Check Point Aims to Stay at Front Line of War Against Hackers

TEL AVIV—Check Point Software Technologies Ltd. pioneered the firewall. Now, it is scrambling to keep it at the front line of today’s war against hackers. Since its founding just over two decades ago, the Israeli firm has grown to dominate the $6-billion-a-year business of selling enterprise network firewalls—digital perimeters aimed at keeping…

Officials Masked Severity of Hack

WASHINGTON—The Obama administration for more than a week avoided disclosing the severity of an intrusion into federal computers by defining it as two breaches but divulging just one, said people familiar with the matter. That approach has frustrated lawmakers as they probe the administration’s handling of one of the biggest-ever thefts of government records. Agents […]

WeWork Valuation Soars to $10 Billion

Six months after investors placed a $5 billion valuation on WeWork Companies Inc., the New York-based provider of shared office space to small companies and technology startups has reached the $10 billion mark. WeWork on Wednesday said Fidelity Management Research Co. and existing investors had pumped $400 million of capital into the…

Tap Your Phone, and a Designated Driver Takes You (and Your Car) Home

ENLARGE June 24, 2015 3:36 p.m. ET Add designated driver to the list of things your smartphone can do with a car. Luxe, a fast-growing startup that uses a phone’s GPS to offer a personal parking valet in crowded cities, is expanding its service to driving customers home—in their own cars—when they’ve had a few […]

Keeping Data Centers Cool Requires Lots of Water

Silicon Valley’s appetite for data is well known. Its thirst is less understood. Amid record drought in California and other parts of the American West, the machines that support everything from Instagram photos to Netflix movie marathons require substantial quantities of water for the air-conditioning systems needed to keep the servers cool. California has more […]

BlackBerry Misses Expectations

BlackBerry Misses Expectations

ENLARGE BlackBerry Ltd. BBRY -4.24 % signaled on Tuesday that its efforts to transform itself into a software company focused on mobile security are on track, though its financial results continued to show signs of strain. Stung by the dramatic drop in fortunes of its smartphone business, the Canadian company is betting on device-management software […]

Breached Network’s Security Is Criticized

WASHINGTON—A federal security system that failed to prevent millions of sensitive files on government employees from being improperly accessed has been plagued by delays and is largely unable to stop the most sophisticated attacks, current and former U.S. officials said. The security system in place at the Office of Personnel Management, known as Einstein, is […]

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